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Beaver State News

Saturday, March 29, 2025

Number of VA loans issued in Oregon decreased by 31% from Q4 2022 to Q4 2023

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The U.S. Department of Veterans Affairs (VA) issued 1,044 home loans totaling $441.4 million in Oregon during the fourth quarter of the fiscal year 2023, according to figures provided by the Veterans Affairs Home Loans Index.

During the fourth quarter year before, Oregon issued 1,514 loans equaling $622.8 million.

The VA assists service members, veterans, and eligible surviving spouses in achieving homeownership through loans provided by banks and mortgage companies.

A portion of the loan is guaranteed by the VA, which allows the lender to provide better rates.

Several VA housing programs can help members buy, build or repair their homes. Loan types may include purchase loans, Interest Rate Reduction Refinance Loans (IRRRL), and Adapted Housing Grants, which are geared toward veterans with a service-connected disability.

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